Sei Investments Co. Buys New Holdings in Azul SA (AZUL)
Sei Investments Co. bought a new stake in Azul SA (NASDAQ:AZUL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,797 shares of the company’s stock, valued at approximately $101,000.
Separately, Quantitative Systematic Strategies LLC purchased a new stake in Azul SA in the second quarter valued at approximately $341,000.
Azul SA (NASDAQ:AZUL) opened at 27.51 on Friday. The firm’s 50-day moving average is $25.80 and its 200-day moving average is $23.73. Azul SA has a 12 month low of $19.43 and a 12 month high of $28.34. The firm has a market capitalization of $3.03 billion and a PE ratio of 97.55.
Azul SA (NASDAQ:AZUL) last released its quarterly earnings data on Monday, August 14th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). Azul SA had a negative return on equity of 8.12% and a negative net margin of 1.97%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.75 billion. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts expect that Azul SA will post $0.43 EPS for the current year.
A number of research analysts have weighed in on AZUL shares. Zacks Investment Research raised shares of Azul SA from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, July 10th. Buckingham Research lifted their price target on shares of Azul SA from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Five analysts have rated the stock with a buy rating, Azul SA presently has a consensus rating of “Buy” and an average price target of $31.75.
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Azul SA Company Profile
Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.
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